LONDON Feb 11 Britain's FTSE 100 index
is seen opening up 23-24 points, or as much as 0.4 percent
higher on Tuesday, according to financial bookmakers.
* The UK blue chip index closed up 19.87 points, or 0.3
percent, at 6,591.55 points on Monday, rising for a fourth
* The first testimony to Congress by Janet Yellen, the new
chair of the U.S. Federal Reserve, will dominate the market's
attention on Tuesday, with investors likely to want to know how
committed she is to winding down the Fed's monetary stimulus.
While she is not expected to signal any deviation from the
"tapering" of equity-friendly asset purchases, she may indicate
that the Fed's forward guidance of low rates needs tweaking,
given that the unemployment rate is near the central bank's
target well before the Fed is inclined to raise rates again.
* British retail sales rebounded last month after a weak
December to record their strongest annual growth since April
2011, helped in part by a recovery in the country's property
market, a monthly industry survey showed.
* UK CORPORATE DIARY:
BARCLAYS reports full-year results
BABCOCK INTERNATIONAL issues a trading update
TODAY'S UK PAPERS
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